Crypto security idea for Hive: Separate accounts for HP and liquid Hive/HBD

Keeping our crypto secure is of utmost importance.

When it's worth a lot, you don't want to lose it. When it's worth a little, losing whatever is left is painful.

There are risks when we hold our substantial Hive wealth in our Hive account. Accept it. Don't be in denial.

Even with the keys securely kept, there is still a risk of hackers getting access to it. This is especially true when our devices are exposed to internet traffic at large regularly. There are always hackers snooping around.

Some people suggest that we use a dedicated device, e.g. a laptop that is only used for crypto transactions, to keep our funds safe. That way the likelihood of exposing our keys to the internet is limited. This makes it harder for hackers.

With Hive, we already have a pretty good system in that we can power it up and it takes a few weeks to un-stake if someone hacks our account to steal our Hive. This makes the stealing of Hive from our HP difficult. When we monitor our account status regularly coupled with a way of account recovery, we should be fine. But that might not be enough...

How about the liquid Hive/HBD we hold?

Those can be readily transferred if someone gets hold of our active key.

The liquid Hive/HBD stash is for trading for some of us. Thus it is also important to find a way to keep them safe.

My Plan
I plan to use a separate Hive account to store my liquid Hive/HBD. This account will be accessed from a device that I don't use for my regular internet surfing.

Since it is for trading, I would set up my buy/sell order in the internal exchange market, and then leave it. Only accessing it occasionally when I need to.

After securing and storing a copy of the key details offline, I may even delete the active keys on the device.

By keeping separate accounts for HP (for posting and curating) and liquid Hive/HBD stash, I think my Hive can be a little more secure than if I keep everything in one account on a device that is constantly exposed to the potential hacker.

Certainly not some professional advice above, just what I am thinking of doing. If you have a better idea, share it in the comments below.

P/S: This is not financial advice, and please do your own due diligence before investing.

If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.

You might be interested in this post, @jacoalberts, @young-kedar, @svanbo and @hankanon!

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